Russia: Severstal profit up in 2018

In 2018 Severstal net profit grew 1.5-fold, to $2.051 billion.

Revenue increased by 9.3%, to $8.58 billion due to the favorable price situation and sales growth by 2%.

EBITDA went up by 21.9%, to $3.142 billion.

Capital investments increased by 16.4%, to $688 million. (Ukrainian metal)

Russia: VMZ to get new Danieli machinery

Vyksa Iron and Steel Works will assemble a new seamless pipes producing machine.

The machinery will be supplied by Danieli.

The design capacity of the machinery is 0.5 million tons of pipes per year.

The commissioning is scheduled for 2021. (Ukrainian metal)

Ukraine: scrap imports up in January 2019

In January Ukraine increased scrap imports by 40.5% YoY, to 3.846 thousand tons.

The cost of scrap imported dropped by 19.7%, to $2.417 million.

The main suppliers of scrap were Turkey (54.7%), Russia (34.8%) and South Korea (8.36%). (Ukrainian metal)

Ukraine: scrap exports down in January 2019

In January Ukraine exported 3.14 thousand tons of scrap, down 10.8-fold YoY.

According to the State Fiscal Service, the value of the scrap exported dropped 10.6-fold, to $936 thousand.

In December 2018 Ukraine exported 7.488 thousand tons of scrap.

The main customers were Turkey (75.61%), the Netherlands (16.9%) and Germany (3.74%). (Ukrainian metal)

Ukraine: ferrous metals imports down in January 2019

In January Ukraine imported $80.345 million worth of ferrous metals, down by 9.2% YoY.

According to the State Fiscal Service, in December 2018 imports stood at $101.118 million.

The import of metal wares in January grew by 5.3%, to $63.229 million.

In December 2018 Ukraine imported $81.192 million worth of metal wares. (Ukrainian metal)